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Zomato's Blinkit Expands to 2,000 Stores Despite Losses

1/21/2025

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Summary

Story summary

Zomato's Blinkit is expanding aggressively in India, aiming for 2,000 dark stores, doubling its previous target.
Despite increasing store count, Blinkit reported losses of INR1.03 billion ($11.9 million) in Q3.
Competitors Zepto and Flipkart are also expanding, boosting quick commerce awareness and adoption.
While Zomato's food delivery growth slowed to 17%, quick commerce experienced a remarkable 120% surge.

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Story summary

Zomato's Blinkit is expanding aggressively in India, aiming for 2,000 dark stores, doubling its previous target.
Despite increasing store count, Blinkit reported losses of INR1.03 billion ($11.9 million) in Q3.
Competitors Zepto and Flipkart are also expanding, boosting quick commerce awareness and adoption.
While Zomato's food delivery growth slowed to 17%, quick commerce experienced a remarkable 120% surge.